Avery Dennison Corporation $AVY Stock Position Lifted by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Avery Dennison Corporation by 177.5% during the 1st quarter, holding 15,589 shares valued at approximately $2.77 million as of the last quarter.
• Several analysts have raised their price targets for Avery Dennison, with a consensus rating of "Moderate Buy" and an average price target of $197.60.
• Avery Dennison declared a quarterly dividend of $0.94, reflecting an annualized dividend yield of 2.1%, with the payment scheduled for September 17th.

Campbell & CO Investment Adviser LLC increased its position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 177.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,589 shares of the industrial products company's stock after purchasing an additional 9,971 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Avery Dennison were worth $2,774,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Avery Dennison by 2.9% during the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company's stock valued at $1,772,450,000 after acquiring an additional 277,554 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Avery Dennison by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company's stock valued at $756,262,000 after purchasing an additional 24,068 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Avery Dennison by 12.9% in the fourth quarter. Ameriprise Financial Inc. now owns 2,185,732 shares of the industrial products company's stock valued at $409,014,000 after purchasing an additional 250,359 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Avery Dennison by 4.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,841,520 shares of the industrial products company's stock valued at $344,603,000 after purchasing an additional 71,435 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Avery Dennison by 17.3% in the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company's stock valued at $281,715,000 after purchasing an additional 233,062 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Stock Performance

NYSE:AVY traded down $2.23 during midday trading on Thursday, reaching $171.03. 452,273 shares of the company traded hands, compared to its average volume of 739,014. Avery Dennison Corporation has a twelve month low of $157.00 and a twelve month high of $224.38. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.66 and a beta of 0.88. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The company has a fifty day moving average price of $176.29 and a 200 day moving average price of $176.80.

Avery Dennison (NYSE:AVY - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the firm posted $2.42 EPS. The business's revenue for the quarter was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. On average, analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. Avery Dennison's payout ratio is currently 42.20%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AVY. JPMorgan Chase & Co. increased their price target on Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Argus downgraded Avery Dennison from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. BMO Capital Markets restated an "outperform" rating and set a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Wall Street Zen upgraded Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Bank of America upped their price objective on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $197.60.

About Avery Dennison

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.